Voluntary Surrender NRAM

PippaGirl_2

down.butnotout, it's rare to get such criticism and judgement on this forum as you'll see from having a read around so don't let this put you off. You've done the right thing getting expert advice from CCCS and they can help you decide knowing your full circumstances which people here can't.
My fil lived with us for years while he was unwell, it wasn't charity, it was what I chose to do - he was family and I loved him.
Do keep posting, there is lots of support here. All the best for your future and I hope that you recover from your illness soon.

down.butnotout

PippaGirl wrote: »

down.butnotout, it's rare to get such criticism and judgement on this forum as you'll see from having a read around so don't let this put you off. You've done the right thing getting expert advice from CCCS and they can help you decide knowing your full circumstances which people here can't.
My fil lived with us for years while he was unwell, it wasn't charity, it was what I chose to do - he was family and I loved him.
Do keep posting, there is lots of support here. All the best for your future and I hope that you recover from your illness soon.

Thank you for your support, and to Eellogofusciouhipoppokunu/Antrobus for your comments. I am going through what has to be the worst time of my life at the min, being told I should't take charity hit a nerve!
Thank you PippaGirl for your words, with the mortgage at £789 and secured loan at £394 my benifit of around £700-800 isn't going to cover anything plus living expences. I can only see BR as the way out as CCCS have advised. Its just !!!!! and hard enough to keep the chin up.

antrobus

Eellogofusciouhipoppokunu wrote: »

...Good luck with whatever you decide to do, antrobus.

A word of explanation might be required here.

Off on this thread - Repo's fall further -
https://forums.moneysavingexpert.com/discussion/4276295 - I made the comment that "Often, going for repo is the best option available. If you can't pay, crystallising your losses now is often the cheapest option." "Fair enough point" was the OP's response to that remark.
Now Eellogofusciouhipoppokunu didn't like my comment; they think that repo is never in the debtor's interests. Which is a fair enough as an ideological viewpoint, although anyone with any experience of actual debt cases will tell you that the contrary is often the chase. Challenged to cite an example, I pointed them in the direction of this thread. As you can see from the above, after much questioning of down.butnotout, Eellogo has eventually come to the realisation they have actually put some though into their predicament, taken advice from CCCS, and that repo and bankruptcy is the least worst option.

Rather than face up to the awful reality that they might be wrong, Eellogo has come to a different conclusion, you down.butnotout are not real, you are in fact me. So bear that in mind when considering Eellogo's 'advice'. They are pursuing a particular agenda.

down.butnotout wrote: »

.. .Its just !!!!! and hard enough to keep the chin up.

Yes it is. Life sometimes has a tendency to throw !!!!! at you. But you can get through it and come out the other end. And you've done the right thing, recognised the problem, taken advice from CCCS. Life doesn't end with bankruptcy.

mynumber

Hi down.butnotout, as pippa said its unusual to get comments you got however well meaning they were ment, most will give you the facts you need but without the critisism. I contacted all the main debt charities but found speaking to someone face to face helped me, ( C A B ) They went through everything with me, supported me, gave me all the advice i needed and filled in the paperwork when they advised and i decided to go down the bankruptcy route. Although cccs and nat debtline were great i needed the face to face advice,
Dont think your alone there are great posters on here that will give you great advice of the ins and out of your situation and others that can only comment on their own situation but can offer great support ( like me ). Hang around for others to give you advice, take care

K X

down.butnotout

I'm due to speak to CCCS again next week. I really, really don't want to go bankrupt but can't see any other way out. Very niave question, but what happens if I don't delcare bankruptcy?

IF

Hi down.butnotout and Welcome to the Bankruptcy (BR) Board. First step is to make a list of all your creditors, debts and assets. Secondly and most important is contact one of the following debt charities. Please try these they don't charge and are impartial. They will go through all your options with you and if they suggest bankruptcy then come back to this board and we will help you all we can. Also if your not ‘clicking’ with one of the Debt charities do try another. We advise you to try at least two others for your own piece of mind. Your BR could be refused if you have not sought advice.

* Blue text on this forum usually signifies hyperlinks, click on the blue links below *

Main recommended sources of help:

• National Debtline - Website: National Debtline Telephone: 0808 808 4000
• Citizens Advice Bureau - Website: Citizens Advice or visit your local CAB centre (find nearest)
• StepChange (formerly CCCS) - Website: StepChange Telephone: 0800 138 1111

Others:

• Business Debtline
  - Website: Business Debtline Telephone: 0800 197 6026
• Christians Against Poverty
• PayPlan
• TaxAid - Help with tax debts.

Please don’t do anything rash take your time and weigh up your options and read everything you can.

We often ask you to post your SOA so we can see if you have included what you need to:-
MSE SOA Calculator - Click here
Select the MSE format at the end. Copy and paste onto your thread.

For ‘essential’ BR info the ‘Look here first’ sticky by Fermi.

BR friendly home insurance thread.

BR Friendly Bank Accounts ~ [Updated Sep 2012 re: Co-op Cashminder withdrawal]

BR Abbreviations

Beth's Guide Reasons for your BR

Charities who help with BR Fees

Bankruptcy NDL Guide

Basic Bankruptcy Advice & Guide NED CAB

If you are new/old to this board and receive/see a comment that is not helpful or insensitive please don’t let it put you off posting, often these comments are made by people who don’t normally contribute to this board and don’t speak for us.

What to do if you get an insensitive or hurtful comment.

And do remember we’ve all been through this and anything you don’t understand don’t be afraid to ask.


Best wishes
IF...x

droiderm

I handed back my keys back in 2007.
There was equity in my property but it would be taken as part of br anyway.
It was the right thing for me at that time.
Going forward nearly 6 years the issue with it is it cuts down even more the amount of mortgage lenders who will lend to me now.
I guess in your case its a small issue as it would have been for me back then.

PippaGirl_2

down.butnotout wrote: »

I'm due to speak to CCCS again next week. I really, really don't want to go bankrupt but can't see any other way out. Very niave question, but what happens if I don't delcare bankruptcy?

the property would be taken/repossessed and sold. Once sold you are no longer liable for council tax etc.

The mortgage would be paid off if possible, if not there will be a shortfall, fees for the repossession and sale would be added to this shortfall all of which you are then legally liable for. The lender is likely to take legal proceedings against you to try and recover the shortfall you owe for as long as is needed or is possible. If that shortfall is a managable amount some people would try and negotiate an affordable monthly figure to pay it off rather than go BR. If the amount of shortfall is not large and you have no other unsecured debts then that may well be possible.

hisandhers1978

Hi There,
Other than the last few posts on this page from the friendly regulars on this forum (:-), the advice you are in need of has not been given unfortunately and I feel for you having been through this situation. I've send you a PM. All the best H&H

PippaGirl_2

The benefit of offering advice openly on the board is, others in similar situations can benefit from advice they might otherwise be too shy to ask, and if anything is inadvertently incorrect, others in the business or with knowledge can correct the information for that person and others which is useful. Worth bearing in mind.